According to a research report published this morning, Jefferies has initiated Tumi Holdings TUMI with a Buy rating and $30 PT.
In the report, Jefferies said, "We like Tumi's luxury brand positioning, early stage growth profile and significant global expansion opportunity. We view the current risk/reward as favorable and initiate coverage with a Buy rating and $30 12-month price target. Jefferies acted as co-manager in TUMI's April IPO."
Tumi Holdings closed Friday at $21.17.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in